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...Doubts exist about whether Capital One will secure regulatory approval for its Discover acquisition, with shares in its target trading below the deal’s purchase price....
Former US partners hire lawyers in fight for bigger share of the proceeds from New Mountain deal
Accounting firm recently agreed to sell a majority stake to New Mountain Capital
...New Mountain bought a controlling stake in Citrin Cooperman in 2022 and has helped fund an acquisition spree that has swelled the accounting firm’s annual revenues to an estimated $700mn....
...“No one wants to put in a new money [loan],” said one lawyer involved in the case. Additional reporting by Antoine Gara...
...Its loan is convertible into Viavi stock at $10.22. Viavi’s stock opened higher than that on Tuesday....
For regulators, the labour market is fair game in mergers and acquisitions
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
Media company is already in exclusive talks with Skydance about a potential deal
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...Trading volume for TMTG, which last month merged with Digital World Acquisition Corp, was double its 20-day average early on Friday, according to Bloomberg data....
Plus, the life of a Rothschild and the leveraged finance world sweats it out at JPMorgan’s confab in Miami
...It had handled the issuing of most of Ant’s securities that were backed by its online loans. However, regulators have still not approved Ant’s application....
...A senior EU court adviser has said the European Commission was wrong to block gene sequencing group Illumina’s $8bn acquisition of Grail and that the decision should be scrapped....
...The formation of CLOs [collateralised loan obligations, the main buyer of leveraged loans] started coming back in November, December and January....
Shares of Ari Emanuel’s Hollywood powerhouse have declined in three years since IPO
...Mobileum in December failed to make an interest payment on a portion of $540mn in floating-rate term loans....
The partnership between US activist Jana and Cannae might not have to look far for potential targets
Culture secretary ‘minded to refer’ deal involving British media group to Competition and Markets Authority
...Buyout groups are betting they can grow these businesses through acquisitions and turn many into companies large enough to eventually be listed on public markets....
...The Federal Trade Commission has sued to block Kroger’s acquisition of Albertsons, threatening the largest supermarket merger in US history in the latest sign of Washington’s crackdown on anti-competitive...
...Separately, it paid a $25mn penalty to the CFPB related to private student loan servicing practices. “Capital One is a healthy, well-managed, well-capitalised bank....
...Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
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